EU Emissions Trading System
The EU Emissions Trading System (EU ETS) a high priority of the UK Government, is one of the policies introduced across Europe to reduce emissions.
The EU ETS works on a 'cap and trade' basis. EU Member State governments set an emission cap for all installations covered by the System such as electricity generators and cement works. Industry is allocated emissions 'allowances' (equivalent to one tonne of CO2) which can then be traded. The intention is to encourage companies that are in a position to reduce emissions to do so, and to sell any unused allowances.The first phase of the System ran from 2005-2007 and the second phase ran from 2008-2012 to coincide with the first Kyoto Commitment Period.
The DMO was appointed by the Department of Energy and Climate Change (DECC) to conduct the auctions of EU Allowances in the UK for Phase II of the System.
Phase II of the System is now closed. Below are some links to press releases and past auctions
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